Author Question: What evidence is there as to job gains and losses in the U.S. due to free trade agreements? What ... (Read 60 times)

jazziefee · **on:** Jun 30, 2018

What evidence is there as to job gains and losses in the U.S. due to free trade agreements?

What will be an ideal response?

Question 2

Which of the following is a true statement about obstacles to increased economic integration?

A) Countries generally agree about appropriate environmental standards.
B) Domestic policies do not affect international trade.
C) Production changes due to trade redistribute income fairly.
D) Adopting common standards gives an advantage to firms that already meet those standards.

djofnc · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

Estimates of job gains or losses are mixed and not definitive. Within five years of NAFTA's implementation, the estimates ranged from a net loss of 98,000 a year to a net gain of 42,000 a year. Actual estimates of the number of jobs gained or lost are closer to guesses due to the difficulties in estimation. Pro-trade think tanks and scholars usually show job gains, while anti-trade think tanks show job losses. Neither side of the debate can show large job gains or losses in the United States due to trade agreements.

Answer to Question 2

D